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Sep 22, 2012
09/12
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that tax reform resulted in fewer people paying taxes. >> it did indeed, and it was the beginning of 30, 35 years of a market etiology in which our assumption was if we reduce the means with which government operates we're going to improve the economic fortunes of the country. that simply has not happened, and, in fact, what we've seen is we've seen tax rates go down, down, down. they were 90%, 80% on the rich in the '50s during the clinton era and 28%. today they are around 18%, but most of the rich like romney don't pay that. they pay even less so what we have is a trickle up theory. give tax breaks to the rich and they will take the money, and they will do things, not jobs. they say they will create jobs, but that's in the in fact what they do. >> okay. >> all through the bush years, all through the bush years taxes, you know, they -- they were given back to the rich and we lost jobs. the great recession happened under bush's watch with his tax policies in place. >> okay. so ben care tid one step further to a conspiracy. one that i won't disagree with to start. let's say this. you
that tax reform resulted in fewer people paying taxes. >> it did indeed, and it was the beginning of 30, 35 years of a market etiology in which our assumption was if we reduce the means with which government operates we're going to improve the economic fortunes of the country. that simply has not happened, and, in fact, what we've seen is we've seen tax rates go down, down, down. they were 90%, 80% on the rich in the '50s during the clinton era and 28%. today they are around 18%, but most...
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for example, right here these are tax cuts, bush tax cuts. right there a huge chunk of our debt. take a look at this. wars. this the second layer on this cake right here. right here this is the economic crisis, this blue wedge is how much the crisis has added to our national debt because the economy has stalled out. want to taub about bailouts, those hated bailouts? they are right here. this line. freddie, fannie and t.a.r.p. there. these are rescue efforts, stimulus right here, also hated by the gop. this is debt, 20% size of our economy, the debt before you put those things on there. if we do nothing, if we do nothing 2019 debt will account for more than 80% of our gdp or nearly all the goods and services this country produces in one year. greg joins us chief trat gist at potomac research group, david walker also with us, ceo of comeback mark initiative and former u.s. comptroller. let's start with you. the gop says the president has racked up an unforgivable almost $6 trillion in debt in one term. that number is true, but is it all obama's fault? >> no. the truth is that georg
for example, right here these are tax cuts, bush tax cuts. right there a huge chunk of our debt. take a look at this. wars. this the second layer on this cake right here. right here this is the economic crisis, this blue wedge is how much the crisis has added to our national debt because the economy has stalled out. want to taub about bailouts, those hated bailouts? they are right here. this line. freddie, fannie and t.a.r.p. there. these are rescue efforts, stimulus right here, also hated by...
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he said he and his son calculated how much they pay in taxes, federal income tax, payroll tax, state sales tax, state property tax, gasoline tax, it added up to well over 50% of what they earned and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses says that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. and so what i do, i bring down the tax rates, lower deductions and exemptions, the same idea by bowles-simpson, get the rate down to create more jobs. nothing better to create a balanced budget than having more people working, earning more money, paying more taxes, that's the most effective and efficient way to get the budget balanced. >> jim, you may want to move on to another topic. i would say this to the american people. if you believe we can cut taxes by $5 trillion and add $2 trillion of additional spending to the military that is not asking for, $7 trillion, to give you a sense, over ten years, that's more than our entire defense budget, and you think that by closing loop
he said he and his son calculated how much they pay in taxes, federal income tax, payroll tax, state sales tax, state property tax, gasoline tax, it added up to well over 50% of what they earned and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses says that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. and so what i do, i bring down the tax rates, lower deductions and exemptions, the...
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tax rate, they're taxed at a lower rate. the businesses in the last 3% of businesses happen to employ half -- half of all people that work in small business. they employ one-quarter of all workers in america, and you want to take their tax rate from 35% to 40%. i talked to a guy with a very small business, he's in the electronics business in st. louis. he has four employees. he said he and his son calculated how much they pay in taxes, federal income tax, federal payroll tax, state sales tax, state property tax, gasoline tax, it added up to well over 50% of what they earned. and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses says that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. and so what i do, i bring down the tax rates, lower deductions and exemptions, the same idea by behind bowles-simpson, by the way, get the rates down, lower exemptions and create jobs. there's nothing better to get us to a balanced budget t
tax rate, they're taxed at a lower rate. the businesses in the last 3% of businesses happen to employ half -- half of all people that work in small business. they employ one-quarter of all workers in america, and you want to take their tax rate from 35% to 40%. i talked to a guy with a very small business, he's in the electronics business in st. louis. he has four employees. he said he and his son calculated how much they pay in taxes, federal income tax, federal payroll tax, state sales tax,...
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the other way is if you raise taxes, as a part of a grand bargain, you could provide that those taxes would be rescinded automatically and would sun set in the event you exceeded that cap of spending to gdp, whatever it is, 20%, 21%, wherever it is, 22%. >> on the spending side, even if you were to do the kind of sequestration you were talking about, if you look at the medium term and suddenly the long-term. >> yeah. >> all of the increases in spending are essentially around health care. it's medicare and medicaid that are out of control. >> yeah, you got it. >> what would you do about that? >> you got to fix it, you got to you got to have entitlements tochb table because entitlements are the biggest part of our spending problem. defense has to be on the table. everything has to be on the table. you have to begin this negotiation by agreeing that they're not going to be any preconditions. everything's going to be on the table, you ought to also have an agreement that nothing will be decided until everything is decided. you ought to also have an agreement that it will be done in confid
the other way is if you raise taxes, as a part of a grand bargain, you could provide that those taxes would be rescinded automatically and would sun set in the event you exceeded that cap of spending to gdp, whatever it is, 20%, 21%, wherever it is, 22%. >> on the spending side, even if you were to do the kind of sequestration you were talking about, if you look at the medium term and suddenly the long-term. >> yeah. >> all of the increases in spending are essentially around...
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Oct 13, 2012
10/12
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and we need to have tax reform, and we have to have tax reform that raises enough revenue to lower tax rates and go to reducing future budget deficits. if we don't get budget deficits down, lower tax rates won't help us get the economy going. >> do you think it's fair to say -- romney/ryan say a 3% growth is reasonable. do you think it is. for any of this math to work out. the argument of whether they can cut taxes and close loopholes, they are counting on economic growth to be part of making up that difference. will it? >> you can't say for sure. good tack policy matters. not the only thing that matters, and you have to have disciplined economic policy. we have a serious threat to the economy from existing and projected debt, it's different from the era of ronald reagan, that debt is not being driven by annual decisions, it's being driven by large, entitlement spending programs. you can't just do it with taxes, you have to pair it with real aggressive entitlement reform. honestly, one more thing. little changes matter. and people don't appreciate it. first 200 years of u.s. existence,
and we need to have tax reform, and we have to have tax reform that raises enough revenue to lower tax rates and go to reducing future budget deficits. if we don't get budget deficits down, lower tax rates won't help us get the economy going. >> do you think it's fair to say -- romney/ryan say a 3% growth is reasonable. do you think it is. for any of this math to work out. the argument of whether they can cut taxes and close loopholes, they are counting on economic growth to be part of...
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perhaps the biggest challenge the so-called fiscal cliff, a series of tax increases and spending cuts that experts warn taken together could plunge the economy back into recession. >> they will have about four weeks after election to deal with some of the largest tax increases and spending cuts seen at one time. >> reporter: $110 billion in cuts from defense to education to food inspections last year aalone will take effect in january. one problem, republicans and democrats disagree on the bush tax cuts due to expire at the end of this year. >> americans know what works, low taxes, reasonable regulations and leaving within our means. >> reporter: democrats led by president obama support them for just people making more than 200,000 a year. uncertainty about just what congress will do is already weighing on the economy. >> it will just be a bumpy ride. businesses are slower to hire. government agencies are slower to give out contracts. it is sort of creeping into the economy now and that will just get worse the longer congress works to deal with this. >> reporter: wait is what congress
perhaps the biggest challenge the so-called fiscal cliff, a series of tax increases and spending cuts that experts warn taken together could plunge the economy back into recession. >> they will have about four weeks after election to deal with some of the largest tax increases and spending cuts seen at one time. >> reporter: $110 billion in cuts from defense to education to food inspections last year aalone will take effect in january. one problem, republicans and democrats disagree...
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Jan 21, 2012
01/12
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top tax rate. we need to talk about how we are going to put men and women back to work in this country. there is one candidate who has done that. i have done that. i was at boeing today. we need to give south carolina the opportunity to compete. we need to give manufacturers a leg up so they can compete for the jobs have of which went from 21% of this country in manufacturing down to 9%. we need to show the working democrats we need to win to win the election, sign up with us and we'll put them back to work. >> let's stay on the economy and on the south carolina experience all you gentlemen had. right now, unemployment rate for post 9/11 veterans aged 18 to 24 is at 22%. congressman paul to you first. should the federal government be specifically targeting that part? should take take other steps to help them incentivize the economy to create jobs? >> you don't want to designate special places. help the economy to come back is probably necessary on some occasions now. we face something much greater
top tax rate. we need to talk about how we are going to put men and women back to work in this country. there is one candidate who has done that. i have done that. i was at boeing today. we need to give south carolina the opportunity to compete. we need to give manufacturers a leg up so they can compete for the jobs have of which went from 21% of this country in manufacturing down to 9%. we need to show the working democrats we need to win to win the election, sign up with us and we'll put them...
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Sep 18, 2012
09/12
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and the 18% of houses that paid neither income taxes or payroll taxes, the center found more than half of those were elderly and more than 1/3 not elderly had an income under $20,000. when you put it altogether like that, this is a bit of a clanger on mitt romney. this will be portrayed by the democrats, i think, very strongly from now until election as a guy dismissing half of america as people who are just victims living off the state. >> well, it shows me that mitt romney probably lives in a world that i don't live in. you know, he lives in a world i hear he's worth, what? $250 million, and he comes from wealth. and most people i find that are born with that kind of money truly don't know what it's like to be out there. i mean, you know, i remember when i started years ago on my pro wrestling career when i'd just gotten out of the united states navy, i left with a beat up car and $250, and that's all i had to my name. when i went off to start my pro wrestling career. >> there's a segment from the obama campaign released saying it's shocking that the candidate for the president of un
and the 18% of houses that paid neither income taxes or payroll taxes, the center found more than half of those were elderly and more than 1/3 not elderly had an income under $20,000. when you put it altogether like that, this is a bit of a clanger on mitt romney. this will be portrayed by the democrats, i think, very strongly from now until election as a guy dismissing half of america as people who are just victims living off the state. >> well, it shows me that mitt romney probably...
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this big chunk of debt here, these are the bush tax cuts right there. bush tax cuts. that much of the debt are the bush tax cuts. these are wars that began before this administration. right here this blue slice right here, this is the crisis. it is slamming the american economy. when growth stopped and in fact contracted, it added to all of this debt. you see this little thing right here, this little blue line? right there. that is t.a.r.p. fanny fannie mae and freddie. this is the stimulus right now that so many conservatives hate. and this is all of this other debt that we were already piling up that's outside of this. if all this stands as is, the projection is by 2019 debt will account for more than 80% of our economy or nearly all the goods and services this country produces in one year without these programs many of which were backed by republican lawmakers, we would be right down here at less than 20%. >> all right. i want to bring in kevin hasset, an economic advisor to mitt romney, a senior fellow and director of economic policy studies at the american enterp
this big chunk of debt here, these are the bush tax cuts right there. bush tax cuts. that much of the debt are the bush tax cuts. these are wars that began before this administration. right here this blue slice right here, this is the crisis. it is slamming the american economy. when growth stopped and in fact contracted, it added to all of this debt. you see this little thing right here, this little blue line? right there. that is t.a.r.p. fanny fannie mae and freddie. this is the stimulus...
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Jun 20, 2012
06/12
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if you tax the tax hood off the thing, people come alive. >> i saw it all exploding. i couldn't quite work out who was saying what, as you can probably tell. we had a lot of reaction. one here. who said, i got told last week i am what's wrong with the economy, since i don't have debt and i pay cash. it confirmed to me i'm doing the right thing. >> well, absolutely, it does. that's a contrarian view, which is what we talk about all the time. if most people aren't winning and you do what most people are doing, you are going to not win. he's enjoying the idea of being weird. that he doesn't have to go into debt. he doesn't have to spend, spend, spend, spend and be a consumer to support the economy. that goes back to george bush after 911 telling people to go spend. and to drive the economy. and we kept saying no, go do what's right for your own house hold and that will drive the economy. >> in terms of priorities, figures out today about still the huge amount of credit card debt that many americans are under. we got a tweet here. saying, how do you manage student loan an
if you tax the tax hood off the thing, people come alive. >> i saw it all exploding. i couldn't quite work out who was saying what, as you can probably tell. we had a lot of reaction. one here. who said, i got told last week i am what's wrong with the economy, since i don't have debt and i pay cash. it confirmed to me i'm doing the right thing. >> well, absolutely, it does. that's a contrarian view, which is what we talk about all the time. if most people aren't winning and you do...
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Aug 14, 2012
08/12
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out yesterday that showed under the ryan road map tax plan, mitt romney's tax rates would be below 1%. so if you don't ask anything of the folks at the very top in terms of reducing the deficit, it's simple math to tell you that everybody else gets whacked. that is why seniors on medicare will end up paying a lot more. it will mean deep cuts to education. it will mean deep cuts in our investments and research and infradrawer. things that are important to power our economy. those are the tradeoffs. i don't think the american people want to go back to an economic philosophy of trickle down economics. we tried that in the bush administration. at the end of the eight years, we had lost private sector jjobs. the only thing that went up, piers, were the deficits. now they're saying, well, in order to deal with the deficits, we're going to bring another round of tax cuts to the wealthy. that's going to hit everybody harder if you're going to deal with those over the long term. >> but you wouldn't presumably quibble with his basic premise. that the priority ought to be trying to get this ridi
out yesterday that showed under the ryan road map tax plan, mitt romney's tax rates would be below 1%. so if you don't ask anything of the folks at the very top in terms of reducing the deficit, it's simple math to tell you that everybody else gets whacked. that is why seniors on medicare will end up paying a lot more. it will mean deep cuts to education. it will mean deep cuts in our investments and research and infradrawer. things that are important to power our economy. those are the...
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Aug 11, 2012
08/12
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, who's going to pay more taxes, who's going to pay less taxes. so it's going to be a bold change. i think it's going to be great for this debate because i'm anxious to see real substantive policy debates between what is now going to be the romney ticket. and i think this will do it. paul ryan will be a fabulous debate in october. >> they will benefit from what is about to happen over the next 87 days. so in a few hours, it will all be aboard the u.s.s. wisconsin. it's the largest naval facility in the world. the announcement will be made aboard the u.s.s. wisconsin. >> all right, wolf blitzer there. thank you all. just a very quick recap. sources telling cnn, there's the ticket right there on the republican side. mitt rom ne and congressman paul ryan. you're watching cnn. i was having trouble getting out of bed in the morning because my back hurt so bad. the sleep number bed conforms to you. i wake up in the morning with no back pain. i can adjust it if i need to...if my back's a little more sore. and by the time i get up in the morning, i feel g
, who's going to pay more taxes, who's going to pay less taxes. so it's going to be a bold change. i think it's going to be great for this debate because i'm anxious to see real substantive policy debates between what is now going to be the romney ticket. and i think this will do it. paul ryan will be a fabulous debate in october. >> they will benefit from what is about to happen over the next 87 days. so in a few hours, it will all be aboard the u.s.s. wisconsin. it's the largest naval...
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and destroy taxes to pay for tax breaks for the rich that destroy the deficit more. it is an extraordinary gift given. >> absolutely right. president obama, you want to talk about destroying. he has destroyed the hopes and dreams of millions of americans under his presidency. >> battle lines have been drawn here. >> one side can call the other fear mongering. i think you have a philosophical divide. one side wants to maintain low tax rates particularly on the wealthy and reduce the sides of government and cut spending and then president obama says let's tax the rich more and we'll have more of a social safety net. it is a reasonable philosophical divide. >> let's have a preview of the substantive side. >> marvelous. >> marvelous. look for that coming up. >> "erin burnett outfront" is coming up. the big three auto makers reported strong sales. >> it is good news. for the country when i look at the number the best single month for auto sales when you add it up since the summer of 2007 and that's when everything was perfect with the housing market and everything else. w
and destroy taxes to pay for tax breaks for the rich that destroy the deficit more. it is an extraordinary gift given. >> absolutely right. president obama, you want to talk about destroying. he has destroyed the hopes and dreams of millions of americans under his presidency. >> battle lines have been drawn here. >> one side can call the other fear mongering. i think you have a philosophical divide. one side wants to maintain low tax rates particularly on the wealthy and...
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. >> we are going to roll back the bush tax cuts. >> reporter: instead,' greed to extend those tax cuts for two more years, in a compromise to get republicans to extend jobless benefits to millions of unemployed americans. >> i have no doubt that everyone will find something in this compromise that they don't like. in fact, there are things in here that i don't like. >> reporter: barack obama promised to clean up the financial sector. >> we've got to solve this banking crisis. >> reporter: but opposition in congress watered the reforms down. banks are still risking your money. some say wall street is as treacherous as ever. barack obama promised foreclosure relief. >> we're going to put together a foreclosure fund to help people stay in their homes. >> reporter: his multiple plans did help, but fell far short of their goals. foreclosures are down, but 3 million homeowners have lost their homes since barack obama was sworn in. and barack obama promised to tackle the federal deficit. >> i'm pledging to cut the deficit we inherited by half by the end of my first term in office. >> reporter
. >> we are going to roll back the bush tax cuts. >> reporter: instead,' greed to extend those tax cuts for two more years, in a compromise to get republicans to extend jobless benefits to millions of unemployed americans. >> i have no doubt that everyone will find something in this compromise that they don't like. in fact, there are things in here that i don't like. >> reporter: barack obama promised to clean up the financial sector. >> we've got to solve this...
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Mar 18, 2012
03/12
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most people understand that you have these things called tax expenditures in the tax code. these are essentially lots of individual loopholes -- >> tax credits. >> -- tax credits where the government is basically making special deals for people, lowering taxes for one industry, for one group, in some cases large ones, but lots of small ones. and the idea in simpson-bowles was to basically get rid of all of them, to take away these special tax breaks that people get. and you opposed it. now, what i'm surprised by is first of all, this is terrible in terms of tax policy to having the government decide all these, you know, special benefits for people. secondly, this is precisely what encourages the kind of corruption of the tax code that you rightly abhor. >> you're misstating my position. simpson-bowles is an outline. it's an essay. it was never put into legislative form because you can't. okay? because, again -- >> principles. >> right. >> however, one of their general principles was about a $2 trillion tax increase over -- the only one thing they were clear about was they w
most people understand that you have these things called tax expenditures in the tax code. these are essentially lots of individual loopholes -- >> tax credits. >> -- tax credits where the government is basically making special deals for people, lowering taxes for one industry, for one group, in some cases large ones, but lots of small ones. and the idea in simpson-bowles was to basically get rid of all of them, to take away these special tax breaks that people get. and you opposed...
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Jan 28, 2012
01/12
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his proposal on taxes would make the economy worse. we need to have a program which would start with, frankly, repealing obama care. repealing dodd-frank, repealing sarbanes-oxley, and we need to give her a chance at a job. second, we need real health reform. not the obama style, but we need health reform that allows her to buy in, and dr. paul is right. get the same tax break if she buys personally or whether she buys through a company. she should also be able to buy into an association so she's buying with lots of other people so it is not single insurance, which is the most expensive kind. you combine those two, reforming the insurance system and getting the economy growing again so people are back at work., you cure an awful lot of america's problems with those two steps and put her back in a position where she's in charge of her life. she's not dependent on barack obama to take care of her. >> that plan work for you, governor? >> actually what both these gentlemen said is pretty much spot-on. and i'll add a couple of things. i wan
his proposal on taxes would make the economy worse. we need to have a program which would start with, frankly, repealing obama care. repealing dodd-frank, repealing sarbanes-oxley, and we need to give her a chance at a job. second, we need real health reform. not the obama style, but we need health reform that allows her to buy in, and dr. paul is right. get the same tax break if she buys personally or whether she buys through a company. she should also be able to buy into an association so...
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Aug 30, 2012
08/12
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one thing i didn't hear from paul ryan was a huge call for tax cuts. tax cuts, tax cuts. paul ryan is really a fiscal conservative who likes to cut taxes. but we didn't hear that a lot to the audience tonight, wolf, because he was talking much more about his differences with president obama. but i think that's going to become a big issue. when you have somebody who says we've got to get control of that debt. you have the debt clock up there. what do you do about repealing the tax cuts for the wealthy? >> the big speech comes tomorrow night. of course that will be when mitt romney accepts the presidential nomination, but paul ryan setting the stage tonight. calling is a big role for the republican party. when we come back, more from those voters. you see florida, that's where we are for this convention. it's a tossup state. more on this when our coverage continues. ordinary rubs don't always work on my arthritis. try capzasin-hp. it penetrates deep to block pain signals for hours of relief. capzasin-hp. take the pain out of arthritis. >>> all right. this place is emptying
one thing i didn't hear from paul ryan was a huge call for tax cuts. tax cuts, tax cuts. paul ryan is really a fiscal conservative who likes to cut taxes. but we didn't hear that a lot to the audience tonight, wolf, because he was talking much more about his differences with president obama. but i think that's going to become a big issue. when you have somebody who says we've got to get control of that debt. you have the debt clock up there. what do you do about repealing the tax cuts for the...
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a lot of different reasons but the biggest driver there tax cuts, lots and lots of tax cuts that began back in 2001. the president was also cutting taxes for the middle class as well. >>> thank you. would you like to know what it's really like to experience the dnc from the inside? tomorrow at noon you can join wolf and cnn's political team online for the cnn election roundtable. they did this last week in tampa. it was so successful. submit your question and get answers in realtime during our live chat. where do you go? go to cnn.com/roundtable. >>> more news developing on this labor day. take a look. as more die in syria, an american journalist disappears and now we're getting word the syrian regime may have him. i'm brooke baldwin. the news is now. tourists on edge. wuj of amerine of america's mos popular landmarks warns of an outbreak. >>> a prince scale a skyscraper. >>> 6:30 we want to be at the dinner table and i want to be helping with their homework. >> cnn gets extraordinary access inside the white house. you'll see a preview of tonight's documentary. my volt is the best vehi
a lot of different reasons but the biggest driver there tax cuts, lots and lots of tax cuts that began back in 2001. the president was also cutting taxes for the middle class as well. >>> thank you. would you like to know what it's really like to experience the dnc from the inside? tomorrow at noon you can join wolf and cnn's political team online for the cnn election roundtable. they did this last week in tampa. it was so successful. submit your question and get answers in realtime...
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the tax increase was on the income tax. that was a surprise to many people. critics say it will hit the middle income and lower income people hardest. what can we expect today? they're taking a look at the regional governments which even though the central government is trying to reign in the spending because of the crisis you just mentioned, the regional governments have been free-spending with big elephant projects with airports that don't have airplanes, a new penitentiary north of barcelona that doesn't have prisoners. these big ticket items, the government wants to take a look at these. that's what we may be seeing this day. charles? >> obviously white elephants aside, as you mentioned, perhaps they'll have to get the courts to lock up more people to fill up the penitentiary. i don't mean that seriously. in all seriousness, al, one wonders the extent to which the spanish people can put up with more of this. unemployment is at 22% and the economy is flat on its back. >> indeed. actually we still haven't really seen many analysts say, if you talk to a lot
the tax increase was on the income tax. that was a surprise to many people. critics say it will hit the middle income and lower income people hardest. what can we expect today? they're taking a look at the regional governments which even though the central government is trying to reign in the spending because of the crisis you just mentioned, the regional governments have been free-spending with big elephant projects with airports that don't have airplanes, a new penitentiary north of barcelona...
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Oct 14, 2012
10/12
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pledge and no new taxes. does that fit your bill? by the way, i'm not actually promising you a tax cut. it might just come out even. >> the only confusion is people don't -- >> that's fine with you. sorry. >> he wants to reduce marginal tax rates across the board for all americans, 20%, which is what reagan had, which is what john f. kennedy had. he also wants to do what reagan did in 1986, which is to have it end towards revenue neutrality and job creation as reagan and kennedy gave you, and eliminating vouchers and credits, all the tax credits that have funneled money to the administration's friends, not help the economy. let's get rid of those kind of corrupt deductions and credits and raise some money at the same time, but net, it's going to be a revenue-neutral at worst or a tax cut. >> part of what happened in the first debate, i think, and this will run back into the tax issue, is that people saw mitt romney and someone thought, oh, he is not this scary person we've seen in the ads. he seemed reasonabl
pledge and no new taxes. does that fit your bill? by the way, i'm not actually promising you a tax cut. it might just come out even. >> the only confusion is people don't -- >> that's fine with you. sorry. >> he wants to reduce marginal tax rates across the board for all americans, 20%, which is what reagan had, which is what john f. kennedy had. he also wants to do what reagan did in 1986, which is to have it end towards revenue neutrality and job creation as reagan and...
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Jan 22, 2012
01/12
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tax returns. kennedy obviously being very wealthy. kennedy declined. and romney said, if rereleases his tax returns, i'll release mine. if romney continue tols say maybe or i'm not sure or a few years, it will just continue to be asked about him and people will say you challenged kennedy, what about yourself? you really need to see the tax returns from 1984, at least to 1999, because that's the time he ran bane capital. so then you would learn what he learned at companies that may have been closed down. you've got a much better idea. but if he only says the last few years, there will be all these questions raised about this. >> i suppose the suspicion is growing is that in these returns are some murky stuff. tell me about bane, for example, because you could argue that bane just did what other companies do, they go along and bail out struggling companies, they make cuts to improve the business, and yes, they want to make a profit, but by doing so, they've saved a lot of jobs. there are two ways in
tax returns. kennedy obviously being very wealthy. kennedy declined. and romney said, if rereleases his tax returns, i'll release mine. if romney continue tols say maybe or i'm not sure or a few years, it will just continue to be asked about him and people will say you challenged kennedy, what about yourself? you really need to see the tax returns from 1984, at least to 1999, because that's the time he ran bane capital. so then you would learn what he learned at companies that may have been...
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that was a massive tax increase pretending to be tax reform. >> we're going to hit pause there. grover, we have to give you credit. you have put the whole issue of spending front and center. and a lot of americans have embraced that. regardless of this -- we're going to continue this argument later. i know neither one of you are finished. >>> want to go to a story about vigilante justice in san francisco. the parents of a young girl shot and killed her alleged pimp after unsuccessful attempts to get police to help them get their daughter back. the parents are now in jail, awaiting arraignment. our dan simon was there and is out front with the story. >> reporter: she was a 17-year-old runaway, leaving the bay area behind for los angeles and lured into a life of prostitution. her parents tried to rescue her, but according to prosecutors, when those efforts failed, they devised another plan -- to kill her alleged pimp, a 22-year-old from the rough streets of compton. the parents are in jail under $2 million bond charged with his murder. >> what our offenders did in this case is bas
that was a massive tax increase pretending to be tax reform. >> we're going to hit pause there. grover, we have to give you credit. you have put the whole issue of spending front and center. and a lot of americans have embraced that. regardless of this -- we're going to continue this argument later. i know neither one of you are finished. >>> want to go to a story about vigilante justice in san francisco. the parents of a young girl shot and killed her alleged pimp after...
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Jan 22, 2012
01/12
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here's a governor who has not yet released his taxes. now, my taxes are posted at newt.org. you can go see them. i helped found -- i helped create the thomas system. you can go online. you can see a 1,300-page report on the ethics investigation. by the way, it's been pointed out that in every single count, i was exonerated. and, in fact, after the case, remember that nancy pelosi and others were on that committee. after the case, a federal judge, the federal election commission and the internal revenue service all three exonerated me. so this was a political game -- >> wait. you were reprimanded by the house, though, i think is what they're talking about. >> right. i urged the house republicans to vote yes because we had to get it behind us if we were going to go ahead and balance the budget. all four of the balanced budgets occurred after that fight. this was over the christmas of 1996. we had to get it behind us. the democrats had filed 84 charges. 83 had been thrown out at totally phony. one we got hung up on because of a letter a lawyer wrote. i was not fined. i paid the
here's a governor who has not yet released his taxes. now, my taxes are posted at newt.org. you can go see them. i helped found -- i helped create the thomas system. you can go online. you can see a 1,300-page report on the ethics investigation. by the way, it's been pointed out that in every single count, i was exonerated. and, in fact, after the case, remember that nancy pelosi and others were on that committee. after the case, a federal judge, the federal election commission and the internal...
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top tax rates. we need to talk about how we're going to put men and women in this country, who build this country, back to work in this country in the manufacturing sector of our economy. [ applause ] and there's one candidate that has done that. i have done that. i've done that throughout the course of this campaign. i talked about we're going to target and make sure we can be competitive. i was in boeing today and i was up at bmw yesterday. south carolina can compete with anybody in this world in manufacturing. [ applause ] we just need to give them the opportunity to compete. we are 20% more costly than our top nine trading partners and that's excluding labor costs. that's why i said we need to cut the corporate tax and manufacturing down to zero. we need to give manufacturers a leg up so they can compete for the jobs, half of which went from 21% of this country in manufacturing, down to 9%. we left the dreams of working men and women on the sideline. we need to show we're the party, we're the mo
top tax rates. we need to talk about how we're going to put men and women in this country, who build this country, back to work in this country in the manufacturing sector of our economy. [ applause ] and there's one candidate that has done that. i have done that. i've done that throughout the course of this campaign. i talked about we're going to target and make sure we can be competitive. i was in boeing today and i was up at bmw yesterday. south carolina can compete with anybody in this...
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you need to flatten the tax, you need to cut corporate taxes. you have to reduce regulations, you have to modernize regulations, and you have to recognize that we are truly in a competitive climate. not a public sector perspective like obama has, but a competitive private sector set of experiences that mitt romney can bring to creating the public sector policies that we -- >> just so we understand, it was not newt gingrich calling the plan that governor romney's put forward timid. it was the "wall street journal." it was the "wall street journal" that has said that it is a plan that is closer to obama's than certainly the rest of the people in the field. newt gingrich believes that by going to a zero capital gains tax, by lowering the corporate tax to 12.5%, you will get exactly the investment that we need in this country and we will produce new jobs. moreover, the one year expensing of equipment for manufacturers and for others will assure that we invest in the most modern technologies and put the workers in the field that will be the most prod
you need to flatten the tax, you need to cut corporate taxes. you have to reduce regulations, you have to modernize regulations, and you have to recognize that we are truly in a competitive climate. not a public sector perspective like obama has, but a competitive private sector set of experiences that mitt romney can bring to creating the public sector policies that we -- >> just so we understand, it was not newt gingrich calling the plan that governor romney's put forward timid. it was...
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taxes fuel civil society.
taxes fuel civil society.
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Jun 13, 2012
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i cut taxes every year i was governor. i don't believe you outsource your principles and convictions to people. you -- i respect grover's political involvement. he has every right to do it. but i never signed any pledge. >> david, is that the voice of reason, or is that just something we mie mean now you couldn't get elected in the republican party? >> you asked a couple times jeb's side versus grover side. in fact, there are not two sides here, not yet. jeb bush needs to be on his own side. what has happened, we have had a narrow faction of the republican party that has pushed the party toward a message that is economically counterproductive, culturally exclusionary, barbed racially and not in keeping with modern america. because of the severity of the depression, that side has had the illusion of success for an extremist message. but it won't play, can't govern. gathering resistance. but there is not yet any force organized to meet this faction. and that is what jeb bush needs to do. he needs to be a leader here. he need
i cut taxes every year i was governor. i don't believe you outsource your principles and convictions to people. you -- i respect grover's political involvement. he has every right to do it. but i never signed any pledge. >> david, is that the voice of reason, or is that just something we mie mean now you couldn't get elected in the republican party? >> you asked a couple times jeb's side versus grover side. in fact, there are not two sides here, not yet. jeb bush needs to be on his...
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the typical american income after taxes -- sorry, after inflation before taxes is lower than it was in 1997. so you may not have lost your job and you're grateful for that, but you don't feel good. >> that's something the republicans have to capitalize on if they're going to be successful. here's how they responded on the campaign trail to the good number today. >> well, i think it's good. it's going in the right direction. but if you measure unemployment by the method that we used to measure it by, it would be twice that. >> i think there might just be some optimism that maybe republicans are going to take the white house and maybe that's spurring people to start taking some risks. >> this president doesn't understand how this economy works. it's time to get a president who does. >> what do you think? >> i think it's beating a dead horse because they know the dance beat. they want to run on bad economic news, so they're not going to adjust their rhetoric if they can avoid it. the reality is, is if america is enjoying a great stability, some modest growth, as ron pollack -- ron paul ac
the typical american income after taxes -- sorry, after inflation before taxes is lower than it was in 1997. so you may not have lost your job and you're grateful for that, but you don't feel good. >> that's something the republicans have to capitalize on if they're going to be successful. here's how they responded on the campaign trail to the good number today. >> well, i think it's good. it's going in the right direction. but if you measure unemployment by the method that we used...
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let's get the taxes down for employers. now, we of course understand in a free market that regulations are necessary. and critical. but they have to be continuously updated, streamlined, modernized and regulators have to see their job not just as cracking down on the bad guys but also promoting enterprise and fostering job creation. washington has to become an ally of business, not the opposition of business. now, workers should have the right to join unions. but unions should not be forced upon workers. unions should not have the power to take money out of the members' paychecks the buy the support of politicians that are favored by the union bosses. you know, out of touch liberals like prime minist like barack obama say they want a strong economy, but they don't like business too much. but the economy is simply the product of all the businesses of the nation added together. so it's a bit like saying you like an omelet, but you don't like eggs. you know, to build a strong economy that provides good jobs and rising wages an
let's get the taxes down for employers. now, we of course understand in a free market that regulations are necessary. and critical. but they have to be continuously updated, streamlined, modernized and regulators have to see their job not just as cracking down on the bad guys but also promoting enterprise and fostering job creation. washington has to become an ally of business, not the opposition of business. now, workers should have the right to join unions. but unions should not be forced...
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cuts, all of the bush tax cuts and the obama tax cuts for a few months into next year to help the recovery. there are a lot of americans who believe that, and more importantly, john, too many people in washington have refused to face what's going to come after this election and he's helping to get the ignite debate. >> to ignite an important debate for the country which has the potential of a fiscal cliff. however there's one important person the incumbent president of the united states who says the bush tax cuts should expire, wealthy americans pay more, the buffett rule or some other way. what bill clinton says you can do as long as you can get the right price from the house republicans is contrary to that. >> absolutely he's saying we don't decouple now. it's the wrong thing to do. remember, though, this is what president obama himself did a year ago. he extended all the tax cuts for a full year. >> his base didn't like it. >> his base didn't like it but this could give the president some cover. i have to tell you this, bill clinton tells the truth but he's also the best spokesman for o
cuts, all of the bush tax cuts and the obama tax cuts for a few months into next year to help the recovery. there are a lot of americans who believe that, and more importantly, john, too many people in washington have refused to face what's going to come after this election and he's helping to get the ignite debate. >> to ignite an important debate for the country which has the potential of a fiscal cliff. however there's one important person the incumbent president of the united states...
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May 26, 2012
05/12
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tax make go aheadon [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! in here, great food demands a great presentation. so at&t showed corporate caterers how to better collaborate by using a mobile solution, in a whole new way. using real-time photo sharing abilities, they can create and maintain high standards, from kitchen to table. this technology allows us to collaborate with our drivers to make a better experience for our customers. [ male announcer ] it's a network of possibilities -- helping you do what you do... even better. ♪ >> might be words you would ask yourself, are you better off than you were four years ago? >> ronald reagan asked that question, it was 1980. that question is one that voters will be asking themselves on election day this year in november. we know this election is about the economy. what are the most important economic issues to vot
tax make go aheadon [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! in here, great food demands a great presentation. so at&t showed corporate caterers how to better collaborate by using a mobile solution, in a whole new way. using real-time photo sharing abilities,...
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Mar 20, 2012
03/12
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>> i don't know nothing about nothing. >> any tax fraud? >> i don't know nothing about nothing. >> the detectives of the north miami beach florida police department will later charge him with buying these gift cards with stolen tax return money. police say here's the same guy on video at target using a debit card in someone else's name with the money from a fraudulent tax refund on it. and police say he used that debit card to buy those gift cards that were on the front seat of the car. >> come on, man. >> he's arrested for marijuana possession. but police later charged him with grand theft in connection with tax refund fraud. how easy is it to do this? >> they're so easy it's like the federal government putting crack cocaine in candy machines, it's that easy. >> the criminals cash in those debit cards as quickly as possible showing off their riches with expensive luxury cars. they flaunt fancy watches, diamond pendants worth $55,000, and other jewelry. this one inscribed with the words money hungry. just a few hundred miles north up in tam
>> i don't know nothing about nothing. >> any tax fraud? >> i don't know nothing about nothing. >> the detectives of the north miami beach florida police department will later charge him with buying these gift cards with stolen tax return money. police say here's the same guy on video at target using a debit card in someone else's name with the money from a fraudulent tax refund on it. and police say he used that debit card to buy those gift cards that were on the front...